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20121212
20121212
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right, sharon, thank you very much. i'm here with bob and michael once again. bob, we will start with you. up 75 point on the dow jones. we still have the fed news conference to go, though. >> yeah, here is what is important. there is a tug-of-war going on between the stock market and book market. stocks love stimulus. infinite for stimulus. stim lut infinity. if you look at major sectors. big global gloej areas. industrials, materials, all of your energy stocks. all are kind of moving to the upside today. here is the problem. the bond mark set scared to death of the inflation implications of what the fed is doing today. so if you look at bond yields you will see a big move up in bond yields. if you look at the dollar, the dollar weakened because of course, stimulus means of course cheaper dollar over all. there is a real tug-of-war going on between the stock and bond market. >> we were talking earlier that bond market sees there is a finish line. once we have numbers pegged, they say, rates aren't going to be low forever. if the bond market sees unemployment at 6% or 6.99%, you
and host of "face the nation" bob schieffer.washin bob, good morning. >> good morning. >> so do you see any profiles >> g and courage in terms of both a sides coming together to get this thing done?done >> not yet. not just yet.ust well i was just listening to miss pelosi. >> former speaker. >> seems to me what she was saying is if the republicans will agree to increase the tax rates, rates they will think about reducing making some sort of cuts in medicare later. maybe i'm wrong when i heard her me say that. sounded to me she said we've already done the cuts. >> they're all saying the same ll say thing, i'll do this if you do he that. if do you that i'll do this.o how do you break through that? >> well i think number one, whatwell is important is not what is saidot in public, but what they're public saying to one another behind the scenes. what has to happen it seems to me they have to make some sort sc of an agreement in private, and then come out together and and announce it. i think this continuing to come we'll out and say we'll do this if go you'll go ahead and do
here. people feel like it really keeps netflix in the game. >> we want to get a little more from bob, who is in the crowd, where berkshire has halted for news pending at this point. bob, there's been talk that berkshire quietly acoming a big stake in avida. that's now 13%. maybe it has other intentions in terms of ownership with that company. >> significant speculation just from what the news pending is. we don't know what it is. but i want to note, melissa, berkshire class a and class b shares are both halted news pending. the crowd is just sort of standing around here with orders to buy or sell, waiting to find out exactly what the news is going to be. you'll notice we're up again today. the sixth day in a row the dow industrials are up. optimism on the fiscal cliff being resolved. i'll tell you this, somebody's very wrong about 2013, because there's two camps that are quite at odds with each other right now. the first one i've been telling you about, it's been quat bearish on this. that the fiscal cliff will be a headwind for stocks. that this represents the start of a new america
? who would have thought? i did. we did, bob. we did. got it. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com. >>> we knew the gop brand was in shamblingb shamblingble, but now we have proof. a new nbc wall street journal poll shows the party favorability ratings is at 30%. close to a 10-year low. well, i'v
minutes on cnbc. i'm bob simon. in this edition, we examine two very different kinds of fraud. bernie madoff's wife and surviving son break their silence about wall street's most infamous criminal. and later, we visit a high school con man who figured the best way to make the grade was to cheat the s.a.t.s but first, in december 2008, bernie madoff confessed to running a $65-billion ponzi scheme, the largest financial fraud in history. while madoff is serving 150 years in prison, his family had to deal with the consequences of his crimes. his wife ruth divested of most of her great wealth and derided by a suspicious world. their son mark dead, driven to suicide by shame and accusations of guilt. their other son andrew isolated, trying to live with the disgrace. are they innocent or willing partners? in october of 2011, ruth and andrew gave their first interview since bernie madoff's arrest. they sat down with morley safer to speak out about crime, punishment, and the shame of being a madoff. >> it's a tough name to live with. >> it sure is. >> ruth madoff. you feel the shame? >> of co
, look, i agree with bob costas about his comments about us having this gun culture. i do think that americans are a little too obsessed with their guns. i grew up in alaska. my father was a gun collector. we probably had 20 guns in in the house that i grew up. i'm not anti-gun. but it's very different in a rural environment to have guns than in an urban environment to have guns. that's where i have the concern. and if you talk to most -- even rudy giuliani -- stuart: here's the question, would you control guns more strictly? >> absolutely. even rudy giuliani when he was mayor would tell you they don't want handguns in the city and they don't want people to have have semiautomatic weapons, military style weapons because it harms the police officers. i do think in urban environments you need to have really strict limitations. stuart: i come from england; right? property crimes, burglaries breaking and entering five times higher in england than in america because in america you break into somebody's house, you can get your head blown off, that's not true in england. >> if you're c
looks like bob beckel's house. he actually lives in. and you will see it get festive in christmas spirit on our "fox & friends" christmas special. >> brian: how do you know these things? >> steve: 'cause we taped it last week. >> brian: that's right. i was there. >> gretchen: did he release how much he spends, what his bill is. wait until you find out. i think it's 8:00 p.m. eastern time on christmas eve and runs throughout christmas day. let's talk about fema. remember when they promised they would come right away and help all of the victims from super storm sandy? there was a lot of miscommunication, a lot of people still have not received the help. and oh, by the way, there seems to be a couple of trailers from fema that are sitting around, but they're not helping anybody. so what happened? remember when the message was there wasn't going to be any red tape, everyone was going to get everything they needed as soon as possible. >> i order resources be made available to states in the path of the storm as soon as they needed them. i instructed my team not to let red tape and bureaucracy
're right, bob. that's it. >>> coming up, we'll head to vienna where opec leaders are talking crude prices and production. and what is the ceo of the world's largest retailer saying about the fiscal cliff? i bet he wants to rise above. find out your next question on "squawk box." twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back. u.s. equity futures are suggesting a positive open. the dow would open 45 points, the dow 6.5. gains of .4% to.5% across the board. now the weather channel's eric fisher with the national forecast. eric? >> hey. good morning, everyone. our stormy weather for today i
Search Results 0 to 7 of about 8